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Smart Ways Your Business Can Benefit From Online Auctions

Smart Ways Your Business Can Benefit From Online Auctions

It seems as if everyone is talking about online auctions. And why not. There are thousands of online auctions on the internet with more popping up everyday. People love them because they can usually find great bargains. Businesses are now also seeing the benefits of online auctions. Below are five ways your business can benefit from online auctions.

1. Get Rid Of Excess Inventory

You could sell your excess or discontinued products at an online auction. Your unsold inventory is doing you no good sitting around, collecting dust. It's an effective way to make extra income and it won't be a total loss for your business. You could even get lucky and make a profit depending on how much people will bid for your excess inventory.

2. Test Pricing For New Products

An easy way to test new product prices is to see what people will bid for them at an online auction. First, sell your product at three different online auctions. Next, calculate the average selling bid from all three auctions and that will be your selling price for your new product.

3. Sell Your Products

You can get your product in front of a large audience by selling it at an online auction. Some of the bigger auction sites draw over millions of hits a year. The key to being successful is to sell your product at multiple online auctions at the same time. Let's say you sold one product a day from just one auction site. If you sell your product at one hundred online auction sites that would be one hundred sales a day!

4. Start Your Own Online Auction

Drive traffic to your web site by starting your own online auction. People will visit your web site to find bargains and to sell their own products. You will get plenty of repeat visitors from people rebidding on products and adding new products to sell. You could also charge other businesses to advertise on your web site.

5. Lower Your Business Costs

You can find lower prices on business supplies and equipment at online auctions. I'm not saying all the time, but before you go pay retail for a new printer try bidding on one first. A company may be selling them at a lower price at an online auction because they have excess inventory.

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Julia Tang publishes "Smart Online Business Tips", a fresh
and informative newsletter dedicated to supporting people
like you. To find out the best online business opportunities,
to discover hundreds more proven and practical internet
marketing secrets, plus FREE internet marketing products
worth over $200, visit: http://www.best-internet-businesses.com
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In The News:

Sydney leads auctions to two-year high The Australian Financial ReviewThe national auction clearance rate surged to a two-year high of 76.6 per cent this week based on preliminary CoreLogic figures, providing strong evidence of ...

Last orders: Rise of closing auctions stirs worries in European stock markets ReutersThe final five minutes of trading have become the busiest time of day for stock market traders in Europe.

Odisha iron ore mine auctions unlikely to see aggressive bids LivemintOdisha will auction eight mines with total reserves of 573 million tonnes later this month.Steel companies unlikely to bid high for Odisha iron ore mines.

Porsche’s Type 64 Nazi Car Fails to Sell in Auction Blunder BloombergAfter what appeared to be an attempt at a joke with the starting bid, audience boos the sale of the controversial coupe.

Sellers double price they paid as inner west auctions heat up NEWS.com.auAn inner west family were left feeling “emotional” after selling their home of 10 years for more than double the price they paid.

See the super-rare 30 most-expensive cars up for auction at Monterey including vintage Ferraris, Porsches, and Aston Martins INSIDERThe Monterey car auctions are a time of wealth and wheels. Here are the 30 most expensive cars being auctioned off this week.

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The man on the phone: What's it like making history's highest auction bid? CNNIn 2017, an anonymous buyer paid $450 million for Leonardo da Vinci's "Salvator Mundi." But it was down to Alex Rotter, on the other end of the telephone, ...

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President Obama's Basketball Jersey On The Block At Dallas-Based Heritage Auctions KERA NewsHeritage Auctions has a collectible sports jersey up for auction through Saturday. As of Friday afternoon the bid was up to $62500. Sports junkies and.

Kenya Airports Authority auctions abandoned aeroplanes BBC NewsThe Kenya Airports Authority has overseen auctioned planes abandoned at Nairobi's Wilson Airport.

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Melbourne auctions: Stand-out houses smash their reserves by as much as $225,000 amid lack of stock Domain NewsBuyers are paying hundreds of thousands more than the vendors' asking price at auction for select prized properties due to the uncharacteristically low winter ...

Elvis Presley's long-hidden Lincoln limousine up for auction Fox NewsElvis Presley's pal Wink Martindale reveals why he 'broke down' after seeing The King for the last time. Radio personality and game show host Wink Martindale ...

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Steel manufacturers call for parity in iron ore, coal block auctions Business StandardSteel producers have asked for a level playing field in auctions of coal and iron ore blocks. Although electronic auctions of both coal and non-coal blocks are ...

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Registration for DDA e-auction to begin on Tuesday The HinduRegistrations for the sixth phase of e-auction for vacant plots here will begin on August 13, said Delhi Development Authority officials.The auctions will take ...

Sydney auctions: Young investor splashes $1.26 million on run-down Lewisham house, $310,000 above reserve Domain NewsA run-down house in Sydney's inner west was handed from one investor to another despite stiff competition from half a dozen owner-occupiers looking to ...

Auctions drive landmark sales New Zealand HeraldBayleys says its commercial and industrial listings magazine Total Property has helped drive some of the country's landmark real estate sales. As the publication ...

NBC Sports Group Rights Deal to Carry Mecum Auctions Through 2024 Sports Video GroupNBC Sports Group and Mecum Auctions today announced a multi-year partnership extension to continue coverage of Mecum collector car auctions across NBC ...

The richest car sale of the year: $380 million of wheels set for auction at Pebble Beach CNBCFor the wealthy collectors who converge from across the globe on Monterey Car Week, the biggest spectator sport over the weekend is the auctions.

DoT consults MoD, ISRO to make airwaves available for 5G spectrum auctions Business StandardThe Department of Telecommunications (DoT) has begun consultations with the Ministry of Defence (MoD) and the Department of Space for making airwaves ...

AT&T Surplus Real Estate Auction Set for October PRNewswireDALLAS, Aug. 14, 2019 /PRNewswire/ -- Williams & Williams, a leader in global live and interactive real estate auctions, will offer a portfolio of real estate for the ...

What happens when seized goods go up for auction? BBC NewsA Ferrari and two Rolexes are among the items once owned by criminals being sold at auction.

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Dubai to hold Mideast first dinosaur auction Saudi GazetteDUBAI — A massive 155-million-year-old dinosaur skeleton will be up for grabs for lovers of rare collectibles as Emirates Auction announced it will organize the ...

Odisha to resume auctions of mineral blocks after one-year delay Business StandardAfter a one-year delay, the Odisha government is preparing to auction eight mineral blocks - a mix of six virgin blocks and two merchant mines that will see their ...

This Irish Sex Shop Owner Crowd-Funded An Auction Bid To Win Back A Victorian Dildo From A U.S. Collector ForbesAn Irish sex shop owner crowd-funded $1,700 (€1,500) in 90 minutes to help her win a Victorian dildo which was up for auction. Shawna Scott had first spotted ...

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Tea prices shoot up at auctions after rains hit Assam, West Bengal Business StandardTea prices in auctions have increased after rains and floods in plantation regions of West Bengal and Assam, encouraging companies to be optimist about their ...

CII urges government to lower base price for 5G spectrum auctions Economic TimesIn a representation submitted to the government, the CII made a case for a lower 5G spectrum reserve price, the auction for which is expected to be held later this ...

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Mint condition Pokemon cards sell for $100,000 at auction Moneycontrol.comSetting a record in Pokemon frenzy, a buyer just shelled out $107,010 at an auction to acquire an entire set of the first edition Pokemon cards printed in English ...

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Centre to auction, allocate coal mines again BusinessLineThe Ministry of Coal has started the process of auctioning 27 coal mines and allocating 15 mines to developers. This process is being re-initiated after previous ...

First-home buyers out in force, battling it out at Sydney auctions Domain NewsSydney's first-home buyers were out in force on Saturday with aggressive bidding that pushed prices well beyond vendors' reserves. Low stock levels, cheap ...

50 fascinating cars going to auction in Monterey for less than $1 million New AtlasThe Monterey Car Week auctions always throw up some remarkable cars that won't fetch a million dollars, but are nonetheless, automotive treasures. This article ...

Monterey Car Week Auction Preview: The top 40 most valuable cars New AtlasMonterey Car Week is the epicenter of the world collectible car industry. This year we will see six major auction houses hold 13 auctions sessions over a 60-hour ...

James Bond Aston Martin DB5 sold at auction for £5.2m The GuardianAn Aston Martin DB5 used to promote the James Bond film Thunderball has sold for $6.4m (£5.2m) at the world's biggest classic car auction in California.

Dubai to witness Middle East’s first dinosaur skeleton auction Emirates 24|7A massive 155-million-year-old dinosaur skeleton will be up for grabs for lovers of rare collectibles as Emirates Auction announced it will organize the Middle ...

Test auction - Nykredit Realkredit A/S Copenhagen Stock Exchange:NYK62 10 GlobeNewswireTo Nasdaq Copenhagen. 14 August 2019. Test auction. To test systems and settlement procedures, Nykredit will conduct a test auction in DKK-denominated ...

1994 McLaren F1 "LM-Specification" Fetches $19.8 Million USD at Auction HYPEBEASTAfter last month's preview of the 1994 McLaren F1 “LM-Specification”, set to be auctioned off by RM Sotheby's at Monterey Car Week, the extremely rare vehicle ...

£2.3 Million in Seized Luxury Goods Offered at Wales Auction Barron'sDesigner shoes, Rolex watches, and a Ferrari are among an estimated £2.3 million (US$2.8 million) worth of luxury goods seized from criminals that will be ...

Online auction for tax-forfeited properties in Harrison County now open WLOXHARRISON COUNTY, Miss. (WLOX) - An online auction of 301 tax-forfeited properties in Harrison County is now open. The properties are valued at $2,134,625.

Foreclosed properties sell at auction Daily AstorianFive tax-foreclosed properties were put up for auction in July and Clatsop County sold two of them, including a dilapidated house on G Road in Jeffers Garden.

Incredible vintage poster collection curated by late London movie buff goes up for auction Evening StandardA movie poster collection curated by a late London film buff over several decades is being put up for auction. Anthony Duggan passed away two years ago, ...

Elvis’s 1976 Harley Davidson, His Final Motorcycle, Could Fetch a Record $2 Million at Auction Robb ReportElvis Presley's 1976 Harley Davidson FLH 1200 Electra Glide, the last motorcycle he owned, is expected to sell for $2 million at auction.

A wheeler dealer's collection goes up for auction Vancouver SunLloyd Cartwright had a mind-boggling collection of stuff, from the first Playboy to the comic that introduced Spider-Man.

Inside the Secretive World of High-End, Ultra-Luxe Art Bongs EsquireOn Monday, three of the most intense bongs you've ever seen will go up for auction at Heritage in Chicago after being displayed at ComplexCon. It's been a long ...

Hide Your Wallets, Iconic Motorbikes Is Doing Auctions Now RideApartCalifornia-based shop Iconic Motorbikes is already well-known for quality work and sales. Now they're doing online, trusted bike auctions.

Orange County Regional History Center auctions off treasure trove of items WESH 2 OrlandoThe Orange County Regional History Center parted ways Saturday with a treasure trove of items representing Florida's history and culture. "It's just a fun ...

Elvis Presley's Last Motorcycle Is Up For Auction: May Set World Record ForbesThe King continues to reign, this time in the form of his 1976 Harley-Davidson which promises to (possibly) set a world's record at auction of between $1750000 ...

Apollo 11 50th anniversary auctions result in millions for moon landing memorabilia collectSPACE.comThe 50th anniversary of the first moon landing inspired more than just memories to come forward, but also millions of dollars for memorabilia from the Apollo 11 ...

India Eases Wind Energy Auction Guidelines CleanTechnicaThe Indian government has made significant changes to the conditions of wind energy auctions to attract project developers back to the large-scale tenders.

1967 Ferves Ranger Auction Far Exceeds Expectations Yahoo NewsMonterey Car Week always has some surprises. While there are the planned “surprise” reveals of concept cars by automakers, what's far more shocking is when ...

Fewer properties on offer at Barfoot & Thompson's latest auctions but more than half were sold Interest.co.nzSales were achieved on more than half of the residential properties marketed for sale by auction by Barfoot & Thompson last week, although the overall number ...

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Records Set at Goldin Auctions This Summer Beckett Media, LLCThe numbers for this recent lot at Goldin Auctions are eye-popping. Numerious records were set, inlcuding another Mike Trout highmark.

Onshore wind developer takes legal action over auction terms Financial TimesAn onshore wind developer is attempting to sue the UK government over its handling of a major renewable energy auction, arguing that land-based generation ...

Online, all the time: Alabama's state property auctions move to internet Montgomery AdvertiserAlabama's surplus property moves to year-round, online sale, with cars going for as little as $200.

Auction Solutions Brings 30+ Years of Family Fun to Auction Live on Proxibid Business WireOMAHA, Neb.--(BUSINESS WIRE)--Proxibid, the most trusted way to connect buyers and sellers of highly valued items, has been selected by Auction Solutions ...

Dubai to witness ME's first dinosaur auction Gulf TodayA massive 155-million-year-old dinosaur skeleton will be up for grabs for lovers of rare collectibles as Emirates Auction announced it will organise the Middle ...

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